Monetary Policy and the Economy

Federal Reserve Chair Jerome Powell testified in a virtual hearing before the Senate Banking, Housing and Urban Affairs Committee about monetary policy… read more

Federal Reserve Chair Jerome Powell testified in a virtual hearing before the Senate Banking, Housing and Urban Affairs Committee about monetary policy and the economy. He highlighted the May jobs numbers and the uptick in retail sales, but warned that “until the public is confident that the disease is contained, a full recovery is unlikely.” He expressed optimism that in the long-term, a full recovery was foreseeable but stressed the uncertainty around the economic recovery due to the coronavirus pandemic. Several Democratic members asked Mr. Powell about racial inequality and economic justice for low-income communities. Members, like Senator Elizabeth Warren (D-MA), pressed him about whether the economy could be called healthy if the unemployment rate for African Americans continued to rise. close

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Monetary Policy and the Economy

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Program ID:
473039-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Jun 16, 2020 | 10:01am EDT | C-SPAN 1
Last Aired:
Jun 17, 2020 | 4:29am EDT | C-SPAN 2

Airing Details

  • Jun 16, 2020 | 10:00am EDT | C-SPAN RADIO
  • Jun 16, 2020 | 10:01am EDT | C-SPAN 1
  • Jun 16, 2020 | 8:00pm EDT | C-SPAN 2
  • Jun 16, 2020 | 10:59pm EDT | C-SPAN RADIO
  • Jun 17, 2020 | 4:29am EDT | C-SPAN 2
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Monetary Policy and the Economy

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